Virgin Mobile reports 20% jump in sales

Virgin Mobile's sales grew more than 20% in the fourth quarter compared to the same period a year ago,  an Associated Press report said. The company's ARPU rose 1.7% at the end of the first half.

Virgin's active customer base grew 12% to 4.36 million after Virgin Mobile added 193,000 net users in the quarter. However, the company had added more customers, some 276,000, in the same period a year ago, the report said.

The report said it remained in talks with takeover suitor, cable TV operator NTL,. Virgin, which is majority-owned by entrepreneur Richard Branson, entered talks with NTL last month after rejecting the company's initial approach in December.

A merger would create a powerful 'quadruple-play' communications company offering broadband, fixed-line and mobile telecom services and TV under the Virgin brand, the report said.



 

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